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Bitcoin rose above $10,000 for the first time in six weeks in a move that seems to show a bullish momentum as the $10,000 resistance mark been broken. However, during the rally, over $100 million worth of Bitcoin short positions were liquidated as Bitcoin plunged by nearly $1,500 in less than 3...

The investment in the Bank’s mobile banking infrastructure is in furtherance of the need to deepen financial inclusion in the country, enabling account opening to be carried out on its *894# USSD banking, FirstMobile (self-service telephone banking), its website – www.firstbanknigeria.com – as...

Oil prices rose on Friday, with crude oil futures finishing on a bright note in the month of May. Monthly gains were recorded based on hopes that the U.S.–China trade deal wouldn’t be distorted, and the fact crude oil production was falling. Brent crude recorded a surge of 39% for its strongest...

As companies and investors move asset from Dollars to gold due to the protest over black lives and miss treatment in America, the prive of gold has been on a bull run since last week, while ,dollar has fallen with major currencies in forex. Spot gold gained 0.9% to $1,741.61 per ounce by 9 am...

We know that buhari has issued another loan approval of $5B. The question is what will be the faith of Nigeria economy after the loans? Is this his exit plan from office? What dose the masses have to gain from the loan.

Global crude oil prices declined slightly after a report by the American Petroleum Institute (API), on Tuesday, estimated a large crude oil inventory build of 8.731 million barrels for the week ended May 22, 2020. The situation is raising fresh concerns about excess supply.

Last week we saw a post here about MTN Nigeria's, N100 billion commercial paper issuance, for the development of its 4G network and aset acquisition for operations. Stop maked the beginning of sales of the papers to the public. Details: Issuer; MTN Nigeria Communications Plc. Arranger: Chapel...

GTBank, Zenith Bank, Nestle have been credited as the top stocks to pick on NSE, the reasons are because of their mode of operation, profit book and dividend payment statistics. These stocks have high liquidity and fast in payment of dividend to investors.

Naira has suffered a lot of beat up during these covid-19 period, CBN and ABCON have finalized arrangements for the resumption of forex sales to Bureau De Change operators (BDCs), which will boost the naira against the US dollar. ABCON President, Aminu Gwadabe said, CBN has also officially...

Just when we though 2020 was so bad for Nigeria economy, the records show a an above average performance of Nigerian importation capital income. In the Q1 report make by the National Bureau of Statistics (NBS), Nigeria received $5.85 billion capital importation (inflows) in the first quarter...

The FG sees the need to be in full control of imported oil produce true NNPC which has resulted in the closure of many oil depot around the country. Akpani, who spoke during the Nigeria Petroleum Downstream Consultative Summit held online, said, “A lot of them are in one problem or the other...

Charles Payne of Fox news has blamed the fall of stocks on presidential candidate Bernie, while most analyst have attributed the fall of us stocks to covid-19. Mr Payne said. "Now these stocks got hammered when Elizabeth Warren was in the lead. This is the first time, I think, Wall Street is...

Economy of countries all over the world has taken a hit hit from the pandemic lock down which has resulted in currency fall. Its no new that tge Nigeria Naira took a big hit, but Nigeria's naira is not the only currency in Africa get wooped by covid-19. Surprisingly south Africa took the...

Economy of countries all over the world has taken a hit hit from the pandemic lock down which has resulted in currency fall. Its no new that tge Nigeria Naira took a big hit, but Nigeria's naira is not the only currency in Africa get wooped by covid-19. Surprisingly south Africa took the...

It's interesting to know that MTN has only 40% 4G network coverage in Nigeria, which has promote them to chunk out a N600 billion 3 years infrastructure and technical development, which will improve their 4G service nation wide. The CEO of MTN nigeria said: “Due to the nature of our business...

The Nigerian stock market has experienced more growth from the covid 19 stock relapse with an impressive % gain. the All-Share Index (ASI) increased by 306.16 absolute points, representing a growth of 1.25% to close at 24,758.39 points. Similarly, the overall Market Capitalization size gained...

Norway’s sovereign wealth fund, the world’s largest with $1 trillion (815 billion pounds) worth of assets, will make its votes at shareholder meetings more transparent by explaining any opposition to board recommendations, The fund, which invests around 70% of its portfolio in the stock market...

Nokia shares has been facing some gradual recovery since 2018 with their android devices release to compete with the iphone, samsung and xiomi dominated market. 5G network has given nokia another chance to take over the GSM world with a record backing speed achieved. Nokia achieved 5G speeds of...

As firms keeps unavailing their annual report, zenith bank has show an encouraging 16% lift in their before tax report and 10% profit in their after tax report. A review of the results showed positive improvements on a year-on-year basis with profit before tax rising by 16% from N3.16bn to...

The turnaround initiatives of Lafarge Africa Plc may have come to stay going by the first quarter financial results of the company released last Friday. The firm, which after offloading its South African arm last year started to get fresh air, said in the first three months of 2020, recorded a...